Cap. 592 Art. 14Renewals of certifications and registrations.

(1) All authorisations under this Act shall be for the periods of validity and effect as stated in the Third Schedule and shall be presumed to expire on the first working day after the relevant anniversary of the date of authorisation as appears on the certificate confirming the authorisation.

(2) It shall be the duty of an innovative technology authorisation holder to ensure that the authorisation is kept valid and ARRANGEMENTS AND SERVICES

effective and will be renewed at least within the last three months of its duration and in any case prior to expiry, by:

(a) submitting the information assurances, declarations and other materials or taking such actions as are required by the Authority for renewals of the relevant authorisations and in particular to demonstrate that the applicant is still in compliance with the Act and the conditions of its authorisation;

(b) in case of innovative technology arrangements, carrying out the audits and reviews and obtaining the necessary declarations from the registered auditor and the registered technical administrator; and

(c) by paying to the Authority the relevant fees.